Remove 2002 Remove Commissions Remove Health and Welfare
article thumbnail

Mental Injuries- Part 3: Implications for Disability Insurers and Workers’ Compensation

Workers' Compensation Perspectives

The degree to which any statute results in work-related cases of mental injury being discouraged or denied shifts more costs from employers (the nominal payers of workers’ compensation premiums) to taxpayers (who fund social welfare), other workers (who fund social insurance), and insured (who fund some or all the costs for disability insurance).

article thumbnail

Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

Over time, savings may be depleted, debts incurred, and their health and welfare diminished—furthering the burden of their original work-related injuries. Assuming just 2% CPI each year, the 1% reduction means that the purchasing power of each $100 awarded in 2002 will have grown after 10 years to $110.46 far short of the $121.90